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Afern Signs Nigerian Rig Contract

Source: www.gulfoilandgas.com 3/29/2006, Location: Africa

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Afren Energy Resources has signed a drilling contract to contract the Seadrill-7 Jack-up drilling unit for two wells offshore Nigeria, with Ashbourne Marine Company Ltd, a subsidiary of Seadrill Ltd. The first well is expected to begin operations early in the third quarter of 2006. The Seadrill-7 is currently on location in Nigeria for another operator.

Afren intends to use the Seadrill-7 rig to further appraise its proven undeveloped fields in Oil Mining License 90 ("OML 90"). The undeveloped fields in OML 90 secured by Afren in the second half of 2005 are located in the shallow waters of the western Niger Delta. Oil and gas was discovered in a number of zones by Chevron in 1993, but were not tested. The fields are conventional Niger delta structures, at moderate depths and are likely to be low cost developments as they are close to existing infrastructure. The first well in OML 90 will appraise one of the existing discoveries and will be tested to confirm fluid type and reservoir performance.

Securing the drilling contracts marks an important step in the execution of Afren's strategy towards achieving near term development and production.

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Related Categories: General  Rig Equipment  Rig Operators  Rigs, Coring & Exploration 

Related Articles: General  Rig Equipment  Rig Operators  Rigs, Coring & Exploration 


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